Istore4less Ltd

Istore4less Ltd from Wallasey UK: a small, active company founded 12 years ago, is facing some financial headwinds. The business, which operates an e-commerce site, employs just two people and holds £123,462 in assets. It's a family-run operation with two directors and owners, and its registered address is real, with only one other company registered at the same location. The company’s main activity involves retail sale via mail order houses or via internet.

The company’s website isn’s very detailed, but it seems to be focused on e-commerce, selling various products online. It’s hard to tell exactly what they sell without more information.

Financially, Istore4less Ltd is showing some concerning trends. While cash bank on hand increased by a significant 190%, reaching £12,000, other areas paint a less rosy picture. Creditors have risen sharply, increasing by 150% to £42,000, and net assets have decreased by 13% to -£21,000. The company’s bank borrowings have also decreased by 13%, reaching £100,000. Prepayments have decreased by 18% to £1,200. It’s worth noting that the company is small, meeting two of three criteria for classification (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The company’s accounts are overdue by three months, which is not ideal. There’s no auditor mentioned, which is common for small, exempt companies.

The company’s net current assets liabilities decreased by 17%, which is a good sign. However, the overall picture suggests that Istore4less Ltd is burning through cash. The decrease in equity and the increase in creditors indicate that the company may be struggling to manage its finances effectively. It's possible the company is facing challenges in maintaining profitability or managing its working capital.

Registered in England/Wales under the registration number 08455080, with a registered address at CH45 0JY, Wallasey, 177 Victoria Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.